Islamic Finance Simplified
For a reliable and trustworthy Islamic financing service in the Seattle, WA area, you can count on our team of Halal mortgage specialists here at Devon Islamic Finance. As a premier Islamic home loan provider in Seattle, WA, we end the stress by providing a full suite of premium Halal home financing solutions while ensuring compliance to your ethical and spiritual values. We give you peace of mind, so you can sit back and let our team of Islamic home finance experts prepare the best deal for your financial situation.
Whether you are a first-time homebuyer or a property investor in Seattle, WA, you can find a Shariah compliant Halal financing model that fits your needs and budget here at Devon Islamic Finance. You can rest assured that our Islamic home loan products are compliant with Shariah law, which means there are no interest payments involved. We give you the opportunity to purchasing your dream home in an ethical and Shariah compliant manner. Our great pricing gives our Islamic home financing products a competitive edge over traditional home loans in the Seattle, WA area.
Here at Devon Islamic Finance, faith-based financing is at the core of our business. Combined with superior quality client support, we offer a tailored home financing experience that strictly follows both Islamic financing and the prevailing United States legal system. When you apply for a Seattle Halal mortgage with us, you can rest assured that your specific needs and objectives are heard and met. We will structure an Islamic home loan with excellent terms, thus fulfilling your goal of home ownership.
Purchase your first home or investment property with the help of our Islamic home loan experts here at Devon Islamic Finance. Enter your new home with peace of mind knowing all our structuring processes and terms are done in an ethical and Halal way. We follow the Murabaha mortgage model to ensure you stay on budget. No need to worry about variable interest that can potentially increase your payments. All our Halal mortgage plans are transparent, so you know exactly how much you are paying for your home. We have made it our commitment to create awareness of the benefits of having a Halal home loan in Seattle; hence we constantly educate our potential clients about the benefits of structuring their mortgage following Islamic financing laws. By choosing one of our many Halal mortgage options, you gain full ownership of your dream property with no interests and hidden costs to worry about.
When you refinance with Devon Islamic Finance, you will get greater freedom with more money to do whatever you’d like. Besides home equity, our Islamic home refinancing products also allows you to restructure your home loan to ensure reduced monthly payments or shorter loan term. Use cash from refinancing with us to remodel or renovate your home or for other needs. Our Seattle refinancing specialists will guide you through the process to ensure a smooth and hassle-free Halal refinancing experience.
We also refinance conventional home loans for Muslim and non-Muslim clients. At Devon Islamic Finance, we are skilled in restructuring home loans to make them Shariah compliant. We take a customized approach to ensure the specific needs of each client that we serve are met in timely and professionally. Here at Devon Islamic Finance, we will make it easy for you to take advantage of the benefits of having a Seattle Halal mortgage.
Why get stuck paying variable rates of a conventional home loan when you can get fixed monthly payments and favorable terms when you refinance with us here at Devon Islamic Finance. All our refinancing products in Seattle are compliant to both Islamic financing and the United State legal system. From navigating the Islamic financing market to helping you make a well-informed decision; we will be with you at every turn. Our team of Seattle Halal mortgage professionals will help manage your finances and calculate your expenses, ensuring you are able to live comfortably within your means. We will explain everything to you in simple and jargon-free terms, so you are comfortable with the Islamic financing product you are considering.
Our D3 or Debt Diminisher Card will make paying your Halal mortgage payment fast and easy. Approved by an esteemed Shariah Supervisory Committee, you can now have a card that allows you to make additional payments towards your mortgage using your digital spare change. You can now bank worry-free with our D3 or Debt Diminished Card as money in your account can be segregated and utilized for everyday transactions, from paying utility, shopping, and many more.
We give you a flexible bank account that will help you in your goal of making additional payments to your home loan any time you desire. By making extra payments, you can lower your monthly payments over time or receive favorable terms should you wish to refinance in the future. By making small but frequent additional payments towards your Seattle Halal mortgage, you can shorten the life of your loan effectively, thus making realizing your dream of home ownership a reality.
You can easily link your savings and or add your monthly salary to our Debt Diminisher Card for hassle-free mortgage payments of your Seattle home. Experience unmatched convenience and organization with the help of our D3 or Debt Diminisher Card here at Devon Islamic Finance. We provide you with superior flexibility and versatile, so you can keep up with your mortgage payments and pay for day-to-day transactions by using just one card.
Our Expertise and Experience
Islamic vs. Conventional Home Financing: Key Differences You Need to Know
The Debt Diminisher: How the D3™ Card Helps Pay Off Debt Faster
The Importance of Credit Scores in Islamic Home Financing
Frequently Asked Questions
No. As we follow Islamic financing, our Halal mortgage products in Seattle are issued as installment sale or lease, depending on the structure chosen by our clients. We closely adhere to Shariah law which prohibits the lending and borrowing activities that are found in conventional home loans in Seattle. Depending on the type of transaction, your home may be purchased by us on your behalf or set on a lease until the entire amount is fully paid. Our Seattle Islamic home loan process follows a slightly different process and enables our clients follow the Shariah rules on interest when financing their mortgage.
Yes. Here at Devon Islamic Finance, you can refinance a traditional Seattle mortgage to a Halal home loan. Our Seattle Halal refinancing products are available to Muslims and non-Muslims. Whether you are looking to get home equity or receive better terms on your mortgage payments, our team of Islamic refinancing specialists will assist you from start to finish. Our refinancing products may also be used to take out cash to improve your property through remodelling or renovation, as well as shorten the term of your loan.
We work with a reputable supervisory committed consisting of scholars and religious figures well versed in Islamic finance and Shariah law. All our documents are created in close consultation with local religious authorities in the Seattle, Washington area. As a reliable Islamic financing service provider in Seattle, we have received the Fatwa of the Shariah Supervisory Board of America (Mufti Nawal-ur-Rahman) and from other respected scholars. Our Islamic home loans and other financing products are Shariah compliance and remain so through routine assessments and reviews to ensure they are deemed acceptable under Islamic and United States legal standards.
Yes. At Devon Islamic Finance, we require a 5% down payment for our Halal mortgage products in Seattle, Washington. The higher down payment you make gives you a chance of receiving favorable financing terms, such as lower monthly payments or shorter payment term.
Sharia compliant mortgages are more expensive due to the increased administration costs as a result of purchasing a property on behalf of borrowers or leasing a property over many years. To ensure that we adhere to Sharia law while ensuring profit, we are transparent and list down all financing costs. We then add all mortgage-related costs to the final price of a home. We do not assess interest on our home loans as this violates Shariah law. The cost of owning a Halal mortgage will be slightly more expensive, but you can rest assured of fixed monthly payments since we do not assess interest rates.
Yes, we assess fees on late mortgage payments in Seattle. Based on several interpretations of Islamic Law, charging late fees is permitted as this will encourage borrowers to pay their Halal mortgage on time. We only use late payments to cover for our costs. The remaining late payments are also utilized to offset costs, with some donated to charitable groups. We implement the Islamic law that prohibits charging borrowers in financial difficulties of late fees. At Devon Islamic Finance, we require borrowers to submit proof of financing hardship so that we can waive late fees on their mortgage payment.
As we follow Islamic home loan structuring schemes, paying two transfer taxes may be applicable. Since more than one transaction form is involved in the purchase of a property, there may be two transfer taxes owed. Assessment of two transfer taxes will be based on your location. To determine whether you need to pay for two transfer taxes, call us at 888-90 DEVON today.
Apart from offering Halal mortgage and Islamic financing solutions in Seattle, WA, we also cater to clients living in the following states: Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.
Since we offer the Murabaha mortgage structure, we bear certain risks in purchase a home on behalf of our clients. Unlike a conventional Seattle loan where clients carry all the risks, our Shariah compliant mortgage plans follow a co-ownership scheme, which beat certain risks as well. We implement a different set of terms when it comes to pre-payments, missed payments, and late payments.
To learn about the latest rates for our Islamic home loan products in Seattle, please contact 888-90-DEVON today.
To refinance a traditional home loan to a Halal mortgage in Seattle, you must first pay all missed or late payments. You must provide a financial statement showing that your mortgage is current. After this, we will then proceed with the Halal refinancing process.
